No move by Government to wind up CLICO

July 13, 2017:The Ministry of Finance has taken note of the headline in the Daily Express Newspaper of Thursday 13th July, 2017 ‘’Wind up CLICO – Gov’t seeks to recover $15b’.

It must be clarified that the Government’s move to appoint a Provisional Liquidator is not to ‘wind up’ CLICO, as the company remains fully under the control of the Central Bank of Trinidad and Tobago.

In its petition to the High Court, the Government is seeking to obtain from CL FINANCIAL, all money owed to the taxpayers of Trinidad and Tobago.